FXS
Frax Share
#169
交易平台
交易对
交易平台
货币
时间
货币
USD

未找到该货币

$2.71
+3.07%
最低价:$1.25
最高价:$42.67
FXS
排名
#169
市值
$245,967,062.86
完全摊薄估值
$270,535,579.03
24H 现货交易量
$9,532,746.68
流通供应量
90,649,908
总供应量
99,681,496
最大供给
99,681,496
项目开始时间
2020年12月21日
关于
1. Background IntroductionFrax Finance is a decentralized finance (DeFi) protocol that focuses on creating a highly scalable, decentralized, and algorithmic stablecoin system. Launched in 2020, it aims to combine the benefits of collateralized and algorithmic stablecoins to maintain price stability. The protocol is built on Ethereum but has expanded to multiple blockchains.2. Core Website ContentThe website primarily showcases the Frax ecosystem, which includes the FRAX stablecoin, Frax Shares (FXS) governance token, Fraxswap (AMM), Fraxlend (lending), and Fraxferry (cross-chain bridge). It provides detailed documentation, analytics, and integration guides for developers and users.3. Technical FeaturesFrax employs a unique hybrid model: 1) Partial collateralization (initially 100% but dynamically adjusted) 2) Algorithmic stabilization through FXS arbitrage 3) Multi-chain deployment (Ethereum, Binance Smart Chain, etc.) 4) AMO (Algorithmic Market Operations) controllers for autonomous monetary policy.4. Token EconomicsThe ecosystem has two main tokens: 1) FRAX - Stablecoin pegged to $1, backed by collateral and algorithm 2) FXS - Governance token that captures seigniorage revenue and protocol fees. The minting/burning mechanism adjusts supply based on market demand to maintain peg.5. Competitive ComparisonCompared to competitors: 1) vs DAI: More capital efficient but less decentralized 2) vs UST (pre-collapse): More robust with hybrid design 3) vs USDC: Decentralized but with higher complexity. Frax's innovation lies in its adjustable collateral ratio.6. Risks and ChallengesKey risks include: 1) Smart contract vulnerabilities 2) Regulatory scrutiny on algorithmic stablecoins 3) Maintaining peg during extreme volatility 4) Competition from centralized stablecoins 5) Dependence on Ethereum and oracle systems.7. Industry FutureFrax positions itself for: 1) Growth in DeFi stablecoin adoption 2) Expansion to Layer 2 solutions 3) Integration with traditional finance through RWA collateral 4) Potential CBDC competition. Its hybrid model may prove more sustainable than pure algorithmic designs.8. SummaryFrax Finance presents an innovative approach to stablecoins with its hybrid collateral-algorithmic model. While facing significant challenges in a competitive and regulatory environment, its technical sophistication and growing ecosystem make it a noteworthy project in the DeFi stablecoin space. Success depends on maintaining stability while expanding use cases. 更多>